Service-oriented - Die Schweizerische Post

134 Annual Report | Financial Report | Financial statements of Swiss Post Group
Trend in “Other long-term benefits due to employees“
CHF m
Loyalty bonuses Staff vouchers
2006 2005 2006 2005
As at 1.1 234 233 102 95
Accrued benefit claims 13 13 2 2
Benefits paid – 18 – 18 – 4 – 4
Interest on employee benefit obligations 5 6 3 3
Income from plan amendments – – 2 – –
Annual (gains)/losses – 2 2 4 6
As at 31.12 232 234 107 102
Expenses booked under staff costs
Loyalty bonuses Staff vouchers
2006 2005 2006 2005
CHF m
Accrued benefit claims 13 13 2 2
Interest cost 5 6 3 3
Recognition of costs arising from plan amendments – – 2 – –
Recognition of (gains)/losses – 2 2 4 6
Total expenses for other long-term employee benefits 16 19 9 11
The following parameters were applied
Loyalty bonuses Staff vouchers
Assumptions for the calculation as at: 31.12.2006 31.12.2005 31.12.2006 31.12.2005
Discount rate 2.25 % 2.25 % 3.00 % 3.00 %
Annual change in wages 2.00 % 2.00 % – –
Exercise rate for staff vouchers – – 95.00 % 95.00 %
Percentage holiday 55.80 % 55.80 % – –
Voluntary staff turnover 3.67 % 3.79 % 3.67 % 3.79 %
Average remaining working life in years 12.11 12.22 12.11 12.22